Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Core S&P 500 ETF, where 69,550,000 units were destroyed, or a 6.6% decrease week over week. Among the largest underlying components of IVV, in morning trading today Nvidia is up about 1.5%, and Apple is lower by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily GOOGL Bear 1X Shares, which lost 1,325,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior.
VIDEO: IVV, GGLS: Big ETF Outflows
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